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Rising Above the Stage Show

Chris Brady

We are invited to participate, but in order to do so we have to 'choose a side.' This is exactly what happened, and as a result the money invested in commodity indices rose from just $13 billion in 2003 to over $317 billion in 2008 (twenty five times growth in less than five years).

Banking 110
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How Shameless Copycatting Can Save Europe

Harvard Business Review

The official answer is a series of labor market reforms initiated in 2003 under the " Agenda 2010 " framework. Unemployed individuals were given stronger incentives to take up jobs, and overall labor force participation rates increased. How did Germany get back on track? But here again, the learning is not one-directional.

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What Alan Greenspan Has Learned Since 2008

Harvard Business Review

I tried to get Greenspan to talk me for my November HBR article on economics and finance since the crisis , but he said he’d promised his publisher to keep mum until the book was out, which was too late for my purposes. But it is impossible for the majority of participants in the market to call the date when it blows.